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Note these December tax deadlines December 17 – Due date for calendar-year corporations to pay the last installment of 2012 estimated income tax. December 31 – Deadline to complete 2012 tax-free gifts of up to $13,000 per recipient. December 31 – Deadline for paying expenses you want to be able to deduct on your 2012 income tax return. December 31 – Deadline for taking 2012 required...
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December 31, 2012, will be a very important date in the lives of taxpayers, because that is the date that many tax-saving provisions are set to expire. Congress has extended many of these provisions on a year-by-year basis. However, as it stands now, many tax-cutting provisions have already expired or will expire. Here are a few of the more important ones that could apply to you. Employee’s...
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IRS plans a late start to the 1040 filing season The delayed passage of the American Taxpayers Relief Act of 2012 has put the IRS behind schedule. Due to several provisions of the law affecting 2012 tax returns, the IRS could not open the Form 1040 filing season for the majority of taxpayers until late January. Those taxpayers filing Form 5695 (Energy Credit), Form 4562 (Depreciation), and Form...
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